Analysts Expect Crown Castle International Corp. (NYSE:CCI) Will Announce Earnings of $1.80 Per Share

Brokerages expect Crown Castle International Corp. (NYSE:CCI – Get Rating) to report earnings of $1.80 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Crown Castle International’s earnings, with estimates ranging from $1.78 to $1.83. Crown Castle International reported earnings per share of $1.71 during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Crown Castle International will report full year earnings of $7.38 per share for the current fiscal year, with EPS estimates ranging from $7.36 to $7.40. For the next fiscal year, analysts anticipate that the business will report earnings of $7.75 per share, with EPS estimates ranging from $7.65 to $7.86. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Crown Castle International.

Crown Castle International (NYSE:CCI – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Crown Castle International had a net margin of 22.12% and a return on equity of 17.40%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.71 EPS.

CCI has been the topic of several research reports. Morgan Stanley raised their price objective on Crown Castle International from $207.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, April 7th. StockNews.com began coverage on Crown Castle International in a report on Thursday, March 31st. They issued a “buy” rating for the company. Credit Suisse Group increased their target price on shares of Crown Castle International from $204.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, April 22nd. Raymond James upped their price target on shares of Crown Castle International from $184.00 to $206.00 and gave the stock an “outperform” rating in a research report on Friday, April 22nd. Finally, KeyCorp increased their price objective on shares of Crown Castle International from $202.00 to $219.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $205.62.

In other Crown Castle International news, COO Catherine Piche sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $176.41, for a total value of $441,025.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher Levendos sold 11,000 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $192.79, for a total transaction of $2,120,690.00. Following the sale, the chief operating officer now directly owns 11,717 shares in the company, valued at $2,258,920.43. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock worth $3,702,255 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new position in shares of Crown Castle International in the 1st quarter valued at about $25,000. Ten Capital Wealth Advisors LLC lifted its holdings in Crown Castle International by 1,007.1% in the third quarter. Ten Capital Wealth Advisors LLC now owns 155 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 141 shares during the period. Rational Advisors LLC boosted its position in Crown Castle International by 139.6% in the 4th quarter. Rational Advisors LLC now owns 127 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. Missouri Trust & Investment Co acquired a new stake in shares of Crown Castle International during the 4th quarter worth approximately $28,000. Finally, IAG Wealth Partners LLC increased its holdings in shares of Crown Castle International by 277.8% during the 4th quarter. IAG Wealth Partners LLC now owns 136 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. 91.28% of the stock is currently owned by institutional investors and hedge funds.

Crown Castle International stock opened at $193.39 on Friday. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $83.74 billion, a PE ratio of 57.56 and a beta of 0.53. The company has a 50 day moving average price of $185.54 and a 200-day moving average price of $184.05. Crown Castle International has a fifty-two week low of $157.16 and a fifty-two week high of $209.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a $1.47 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.04%. Crown Castle International’s payout ratio is 175.00%.

About Crown Castle International (Get Rating)

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.

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